Today's crisis is less about fiscal profligacy than about investors' fears for the euro's sustainability and their flight from peripheral assets.
"This kick-the-can approach, necessitated by a president who refuses to stop campaigning and start seriously addressing our nation's fiscal problems, is not an adequate solution to America's coming fiscal crisis, which is a result of overspending, not under-taxing, " the group said in a written statement.
This is the legacy that many people now blame for a good part of California's fiscal crisis.
Forget the European debt crisis, America's fiscal wrangling, and Apple's recent stumbles - no matter what happens in 2013, the stock market is going up.
Presidential candidates John McCain and Barack Obama skirmished Friday night over issues ranging from the nation's fiscal crisis to its foreign threats in their first nationally televised debate.
If you thought part III of the U.S. fiscal crisis story was going to be released in March, your wait has been cut short by roughly two weeks.
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The Prime Minister is handling the country's banking crisis with a troubling fiscal sleight-of-hand.
The results, which include the critical holiday season, show Tiffany's resilience even as it faces challenges in the U.S. and a fiscal crisis in Europe.
The U.S. faces a fiscal crisis.
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In his public appearances and now in regular briefings for new congressional Republicans, Ryan has been warning of a great fiscal crisis in the U.S. and the risk of America becoming like Greece.
Before the crisis Spain was well within the euro zone's fiscal rules.
And in the U.S., the extended and unresolved fiscal crisis and now the debt ceiling will impact global risk appetite for corporate and portfolio investors.
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So what does the lackluster performance of the U.S. dollar potentially portend as the latest fiscal crisis unfolds?
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The study looks at this, and finds that quite a lot - 23% - of the debt overshoot in these ten countries was due to "an incomplete understanding of the country's underlying fiscal position on the eve of the crisis".
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Earlier, stocks had posted stronger gains after French President Nicolas Sarkozy and German Chancellor Angela Merkel said they had agreed on a new euro-zone fiscal program to combat the debt crisis, and Italy's new prime minister outlined a new austerity plan.
Some critics have denounced BTP Day as a ruse that deflects attention from the failure of politicians to get a grip on Italy's fiscal woes and that could imperil Italians' savings if the crisis worsens.
Moody's cut its forecast for the U.K. economy, saying Britain's economic and fiscal outlook have weakened due to the euro-zone crisis, though it kept its negative outlook and triple-A credit rating on the country.
Ryan, who chairs the House Budget Committee, has at least fulfilled the legal obligation for annual budget resolutions in the lower chamber, but he's gone far beyond that to provide leadership on the long-term fiscal crisis facing the nation.
European politicians, unable to fashion a unified fiscal response to the crisis, will embrace a sharp fall in the euro's value against the dollar and yuan as perhaps the only source of relief.
The cuts are reminiscent of similar fiscal policy actions taken in 2008 during the U.S. and European banking crisis.
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This year's Greek crisis exposed the inadequacies of the euro, a single currency without a joint economic or fiscal policy.
Some investors worry Mr. Hollande will slow France's efforts to trim its own deficit or push back against Germany's emphasis on fiscal austerity as the primary way to address the euro-zone debt crisis.
Last Friday's "fiscal pact" on tax and spending had little to say about the short-term crisis.
During Koch's three terms from 1978 to 1989, he helped New York climb out of its financial crisis through tough fiscal policies and razor-sharp budget cuts.
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